Digital Biscuit Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07582629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

DIGITAL BISCUIT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D White

REGISTERED OFFICE:

Flat 33, Straffan Lodge

1-3, Belsize Grove

Hampstead

London

NW3 4XE

REGISTERED NUMBER:

07582629 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

2,363

1,466

CURRENT ASSETS

Debtors

5

9,090

6,912

Cash at bank

38,006

57,170

47,096

64,082

CREDITORS

Amounts falling due within one year

6

21,463

38,391

NET CURRENT ASSETS

25,633

25,691

TOTAL ASSETS LESS CURRENT LIABILITIES

27,996

27,157

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

27,995

27,156

SHAREHOLDERS' FUNDS

27,996

27,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 December 2018 and were signed by:

D White - Director

1.	STATUTORY INFORMATION

Digital Biscuit Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33 % reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

9,378

Additions

2,061

At 31 March 2018

11,439

DEPRECIATION

At 1 April 2017

7,912

Charge for year

1,164

At 31 March 2018

9,076

NET BOOK VALUE

At 31 March 2018

2,363

At 31 March 2017

1,466

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

6,190

6,912

Other debtors

2,900

-

9,090

6,912

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

3,505

12,255

Other creditors

17,958

26,136

21,463

38,391

7.	RELATED PARTY DISCLOSURES

At the year end there is an interest free loan from the director in the sum of £16,219 (2017:24,576) with no fixed repayment

terms.

During the year under review, a dividend of £15,000 (2017: £8,000) was paid to Mr D White.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D White.